Regulated Parties Square Credit Accounts as Q4 Accounting Ends; Market Price Falls as Buyers Step Away
Weekly LCFS credit volume of 1.3 million was 35 percent over last week’s volume and 155 percent over the 2021 weekly average of 512,650. Credit volume was the largest weekly total on record, surpassing the prior record set on Jan 3, 2021 by six percent. Second quarter volume is 243 percent over first quarter volume (one week comparison) and 43 percent above Q1 of 2020. The average price paid per credit declined $0.62 to $197.31. Of the 93 transactions during the week, 36 percent were type 1 transfers of 472,931 credits and 64 percent were type 2 transfers totaling 836,750. Type 1 transactions are executed within 10 days of an agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a…
11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...